Association

When the housing bubble burst, dozens of condo associations faced huge losses of income due to delinquent owners. The answer for dozens of associations became a court appointed receiver who would be in charge of rescuing distressed units and bringing in money to the association. But as Eliott Rodriguez and CBS4 Investigates discovered, critics say the solution has become a twisted problem that is currently unfolding in front of local judges.

How does a $7 debt owed to a condo association, turn into a lien against the owner for more than $13,000? CBS4 Investigates the alleged abuse of liens and other fees by some court appointed receivers, all of whom were assigned by the court to protect the association’s interests and finances. As CBS4’s Eliott Rodriguez tells us, owners and judges are starting to take a second look.